secwatch.observer — SEC 8-K summary
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Issuer:     TWO HARBORS INVESTMENT CORP. (TWO)
CIK:        0001465740
Form:       8-K
Filed at:   2025-10-27T23:59:59+00:00
Accession:  0001465740-25-000150
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Two Harbors Q3 comprehensive loss $80.2M; includes $175.1M litigation settlement; book value $11.04
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- Comprehensive loss of $80.2M ($0.77 per share); GAAP net loss $141.2M ($1.36 per share).
- Recorded $175.1M litigation settlement expense with former external manager; excluding it, comprehensive income was $94.9M.
- Book value per share $11.04 (down 9.1% sequentially); declared $0.34 dividend, 13.8% annualized yield.
- Adjusted economic return of 7.6% excluding litigation; reported economic return (6.3)%, year-to-date (15.6)%.
- Settled $698M UPB of MSR through flow sales; boarded new subservicing client via $30B UPB transfer.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1465740/000146574025000150/0001465740-25-000150-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1465740/000146574025000150/two-20251027.htm
  HTML page:      https://secwatch.observer/filing/0001465740-25-000150

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